On Wednesday, at the Nairobi Securities Exchange (NSE), Safaricom shed 1.5 percent to close at 16.75 shillings – a nine-week low, while Jubilee gained 0.1 percent to close at 170.25 shillings.
Sameer gained 9.7 percent to 2.26 shillings closing the day as the top gainer. Nation Media Group, on the other hand, shed 5.3 percent to 17.05 shillings – closing as the leading laggard.
KCB Group was the top-traded stock, accounting for 29.0 percent of the day’s turnover. The counter gained 0.7 percent to 34.45 shillings – closing the session as the day’s best-performing top mover.
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Of the top-traded banking stocks, Equity Group and StanChart shed 0.6 percent each to 42.55 shillings and 193.25 shillings, respectively. NCBA gravitated to a position of relative stability remaining unchanged at 41.00 shillings.
The market closed the day on a mixed note with the N10 and the NSE 25 gaining 0.2 percent each. The NASI shed 0.3 percent while the NSE 20 remained largely unchanged.
Equity turnover edged downwards to USD 0.6m (-75.1 percent) with local investors driving activity at 70.5 percent of the day’s turnover levels, up from 52.9 percent in the prior session.
Foreign investors turned net sellers, with a net outflow print of USD 53.7K. Safaricom led the selling charge while KCB Group led the buying charge.
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